Bonterra Energy Corp T.BNE

Alternate Symbol(s): BNEFF

Energy Oil & Gas E&P

Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. It also has assets in the Prespatou area of northeast British Columbia, which consists almost entirely of natural gas and associated natural gas liquids. It also has an undeveloped Charlie Lake asset that is prospective for light oil in Bonanza, Alberta. The Company has over 116 net sections of contiguous land in the light oil prone Charlie Lake.

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Bonterra Energy Corp > Please Help Me Understand This

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Comment by Flush11on May 12, 2022 4:39pm

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Post# 34679385

RE:RE:Please Help Me Understand This

the key items on the increased cash flow are

1. they had 1000 boe/d behind pipe, so more production next quarter w/o more spending
2. Spending is forecast to be lower for the balance of the year (50% of capex in Q1) so even with similar revenue it is the equivalent of no capex for 2 full quarters so much higher free cash flow
3. they have hedges in place, but current strip prices and current sales prices are higher and earnings were released 5 weeks into the current quarter
4. we are not going to average 70 bucks anyway. At strip prices we should be over 125 million for the year.

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